Looking to diversify beyond FTIHX? The mutual funds below have the lowest correlation with FTIHX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FTIHX.
Best Diversifiers for FTIHX
65 mutual funds have low correlation with FTIHX (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity Series Treasury Bill Index Fund (FHQFX) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Series Treasury Bill Index Fund | -0.01 | 0.00 | 0.02 | 100 | Ultrashort Bond | FTIHX vs FHQFX | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | 0.07 | 0.05 | 0.05 | 97 | Municipal Bonds | FTIHX vs FGNSX | |
| Fidelity Flex Conservative Income Bond Fund | 0.07 | 0.10 | 0.06 | 99 | Total Bond Market | FTIHX vs FJTDX | |
| Fidelity Conservative Income Bond Institutional Cl... | 0.08 | 0.05 | 0.03 | 99 | Total Bond Market | FTIHX vs FCNVX | |
| Fidelity Flex Conservative Income Municipal Bond F... | 0.08 | 0.08 | 0.07 | 98 | Municipal Bonds | FTIHX vs FUEMX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FTIHX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FTIHX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.05 | 0.14 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.10 | 0.08 | 0.22 | 72 | Energy | |
| ConocoPhillips Company | -0.09 | 0.07 | 0.21 | 65 | Energy | |
| Duke Energy Corporation | -0.08 | 0.06 | 0.11 | 62 | Utilities | |
| The Coca-Cola Company | -0.06 | 0.09 | 0.20 | 74 | Consumer Defensive |
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Build a portfolio that complements FTIHX
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